Consultation: Dear Sir, My mother, who lived in Javea (Alicante) passed away recently, and my sister and I, will inherit her Spanish house. The value of the property is high and as we are Non Tax Residents in Spain (we live in England), we have been informed that we will need to pay a huge […]
Inheritance and Gift Tax Planning. Death Duties-Taxes. IHT/I.H.T.
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CONSULTATION:Dear Sirs, My husband has three children from a previous marriage, who are like my own children although they are in fact step children, as I have no children of my own. I was told that since they are not my descendants, if my stepchildren inherit from me, they will pay a huge Inheritance Tax […]
CONSULTATION: Dear Sir: My partner (we are a same sex couple) is very sick. We went to see an advisor who informed us that since we are not married, although we are civil partners, I shall be considered in Spain for Inheritance Tax purposes as non relative or stranger, (Group IV), and therefore I will […]